Indus Towers vs Bharti Hexacom: share price, P/E, ROE and financials compared
Indus Towers
Bharti Hexacom
Indus Towers and Bharti Hexacom at a glance
Indus Towers and Bharti Hexacom are both listed in Telecommunication. Indus Towers is the larger by market cap, at ₹1.0L Cr against ₹83,220 Cr for Bharti Hexacom (1.2 times as large). On valuation, Indus Towers has the lower P/E (14.2× against 42.3×) and the lower price-to-book (2.56× against 11.61×). On returns and margins, Indus Towers has the higher operating margin (54.6% against 52.4%), while Bharti Hexacom has the higher ROCE (21.1% against 18.4%) and the higher ROE (26.5% against 18.8%). Over three years, Indus Towers has faster 3-year profit growth (+51.8% against +46.7% a year), while Bharti Hexacom has faster 3-year sales growth (+12.4% against +4.6% a year). Indus Towers carries less debt for its equity, with a debt-to-equity of 0.56× against 0.86×.
Key metrics, side by side
| Metric | Indus TowersINDUSTOWER | Bharti HexacomBHARTIHEXA |
|---|---|---|
| Price (₹) | 383.10 | 1,664.40 |
| Market cap (₹ Cr) | 1,01,061 | 83,220 |
| P/E | 14.2× (the lower figure, shaded) | 42.3× |
| P/B | 2.56× (the lower figure, shaded) | 11.61× |
| Dividend yield, trailing | 3.65% (the higher figure, shaded) | 1.08% |
| ROE | 18.8% | 26.5% (the higher figure, shaded) |
| ROCE | 18.4% | 21.1% (the higher figure, shaded) |
| Operating margin (OPM) | 54.6% (the higher figure, shaded) | 52.4% |
| Net margin (NPM) | 21.4% (the higher figure, shaded) | 19.0% |
| Sales CAGR 3Y | +4.6% | +12.4% (the higher figure, shaded) |
| Profit CAGR 3Y | +51.8% (the higher figure, shaded) | +46.7% |
| Debt to equity | 0.56× (the lower figure, shaded) | 0.86× |
| Interest cover | 6.2× (the higher figure, shaded) | 5.5× |
| Net profit TTM (₹ Cr) | 7,107 | – |
| 1Y return | −2.4% (the higher figure, shaded) | −9.3% |
| Promoter holding | 51.26% | 70.00% |
Indus Towers vs Bharti Hexacom: common questions
Which is bigger, Indus Towers or Bharti Hexacom?
By market cap, Indus Towers is bigger at ₹1.0L Cr, against ₹83,220 Cr for Bharti Hexacom (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Indus Towers or Bharti Hexacom?
Indus Towers trades at a P/E of 14.2× and Bharti Hexacom at 42.3×. Indus Towers has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Indus Towers or Bharti Hexacom?
Indus Towers reports a return on equity of 18.8% and Bharti Hexacom 26.5%. Bharti Hexacom has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Indus Towers or Bharti Hexacom?
Over the last three years: Sales grew +4.6% a year at Indus Towers and +12.4% at Bharti Hexacom, so Bharti Hexacom grew sales faster; profit grew +51.8% a year at Indus Towers and +46.7% at Bharti Hexacom, so Indus Towers grew profit faster. Past growth doesn’t predict future growth.